About your Search

20121224
20130101
STATION
CNBC 18
FBC 15
CSPAN 14
CNNW 12
KPIX (CBS) 11
KRON (MyNetworkTV) 4
MSNBCW 4
KQED (PBS) 3
KTVU (FOX) 2
WBAL (NBC) 2
CSPAN2 1
KBCW (CW) 1
KGO (ABC) 1
KOFY 1
KQEH (PBS) 1
( more )
LANGUAGE
English 107
Search Results 0 to 49 of about 107 (some duplicates have been removed)
push to prevent the economy from falling over the fiscal cliff next week. no specific bill is on the schedule in the senate or the house, and house republicans haven't yet called their members back to washington. and hopes for a deal by the december 31 deadline are fading. darren gersh reports. >> reporter: the odds of avoiding the fiscal cliff did not get any better over the holiday. staff discussions continue, but there were few signs much, if anything has been accomplished. the house isn't even scheduled to return to washington yet, leaving it up to the senate to act. >> this is a senate that is incredibly divided, hopelessly partisan, requires 60 votes to do anything and somehow, we are going to be relying on them to in five days, come up with a compromise which is acceptable where a compromise wasn't acceptable in four years. >> reporter: it now looks like some kind of fall over the cliff is the likeliest scenario. and depending on how long it lasts, it could signal a prolonged fight over the debt limit that could spook markets again in february. >> the republicans are
today in what could be the last chance to come talk before the u.s. falls off the fiscal cliff next week. >>> investors are bracing for the final eurozone bond sale of the year. italy will sell up to 6 billion later today. >> and the yen has been sent lower and stocks to their highest level in 21 months. >>> this is the final "worldwide exchange" from london of the year. louisa is here for it. >> i can't believe it. it's my last working day of the year, as well. >> is it? >> yes. >> unfortunately we'll still be talking about the same thing we're talking about now. >> although i feel we'll be talking more debt ceiling, as well. >> and speaking of which, president obama is trying a last ditch effort to restart budget talks days before the u.s. goes over the fiscal cliff. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell s
-to-date with the fiscal cliff situation over the next few hours. we showed you athens a few minutes ago and the fireworks displays around the world have been heralding the start of the new year. north korea has joined other countries in having a pyrotechnics display. australia, china and russia are well into 2013. we are tracking the celebrations. >> residents in samoa were among the first to welcome 2013. these to be the last but a year ago, they jumped to the west of the international dateline. the spectacular start to the new year came in sydney harbour, launched by the australian superstar, kiley been no good. -- kylie minogue. 7 tons of fireworks filled the air above sydney harbour bridge. this city's style is rather different. john yang has held what for help -- it's believed to be the first public new year celebration in north korea. burma has joined the global party. ♪ >> the end of the year would not be complete without the viral pop hit, "gangnam style" being performed with great enthusiasm. while hong kong celebrate with a virtuous so show over victoria harbor. fireworks lit up moscow's red
to fly back to washington in the next few urs to tr to scrape out a fiscal cliff deal but hope is fading fast. if that weren't bad enough, the treasury now says the u.s. will hit the debt ceiling on new year's eve. will this be a game-changer for reaching a deal? >>> plus as if the fiscal cliff wasn't bad enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we'll explain how a looming union worker strike could sink businesses across the united states. >>> the major sports leagues do a touchdown dance after a federal judge's ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn't taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it's not, it's always about money adam: thank you for joining us. we want to look first at the day's market headlines. stocks slid for the 30 straight session. mediocre holiday seas and deadlock over fiscal cliff gave investors little to get excited about. the dow fell 24 points. the so
. >> arthel: mixed messages on fiscal cliff, next today. republican senator lindsay graham expressing optimism on deal and president obama is calling out lawmakers for rejecting offers for last month. >> what do you think the chances of a small deal in the less 48 hours to avoid the cliff? >> exceedingly good. i think what have we accomplished, a political vick for the president. the president has stood his ground. he is going to get tax rate increases but upper income americans and sad news for the country we have accomplished very little of not becoming greece. this won't affect the debt situation. it will be a political victory for the president and i hope we'll have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in. but hats off to the president. >> we have been talking to the republicans since the election has been over. they have had trouble to say yes to a number of repeated offers. >> so what kind of deal if any can we expect before the clock runs out? joining us for a fair balanced debate, tony is here, national political corre
over the fiscal cliff next week. the impact will be felt in many other ways as well. with us is market watch reporter kelli grant. >> also a very good base jumper. >> yes i'm looking forward to that clip. >> your video is on youtube somewhere, everyone can look it up. kelli we've seen consumer confidence decline and businesses not hire as a result of the uncertainty around the fiscal cliff, but there's another impact here and people could even see it on their dinner plate. >> definitely. we're seeing a lot of consumer impact from this, just because of the large budget cuts expected to go through, if we do in fact go off the cliff and of course, there's a lot of variation here it's up to each individual agency to decide how it's going to cut but when we talk to people in the industry they just have a lot of the worst case scenarios almost that could come to play that really do affect consumers. >> there's the farm bill on the edge here as well which could significantly impact milk prices. they're talking about the potential of milk doubling in price, if nothing
tonight. >> we will keep you up-to-date with the fiscal cliff situation over the next few hours. we showed you athens a few minutes ago and the fireworks displays around the world have been heralding the start of the new year. north korea has joined other countries in having a pyrotechnics display. australia, china and russia are well into 2013. we are tracking the celebrations. >> residents in samoa were among the first to welcome 2013. these to be the last but a year ago, they jumped to the west of the international dateline. the spectacular start to the new year came in sydney harbour, launched by the australian superstar, kiley been no good. -- kylie minogue. 7 tons of fireworks filled the air above sydney harbour bridge. this city's style is rather different. john yang has held what for help -- it's believed to be the first public new year celebration in north korea. burma has joined the global party. ♪ >> the end of the year would not be complete without the viral pop hit, "gangnam style" being performed with great enthusiasm. while hong kong celebrate with a virtuous so show over
up the balance sheet, vegas is improving, china is growing too. bet on mgm when the fiscal cliff looms next strike and this as well as all other stocks get hammered. craig in my home state of new jersey. craig? >> caller: how are you doing? >> what's going on, partner? >> caller: calling about expedia. the recent inquiry. how you feel about that? >> i feel really good about that. i follow this closely. expedia is a good partner of the inn that i own. i know how powerful they are. this consolidates them in europe. is it enough reason to buy expedia? i liked expedia beforehand. i like it even more now. shane in georgia. shane? >> caller: hey, jim. booyah from sunny, atlanta, georgia. merry christmas. >> same to you. i like the falcons here. i like them. i got julio. j.j. is on my team. he's done fabulous. i know he watches. thank you. go ahead. julio is a close fan of "mad money." >> caller: with the fiscal cliff looming and with today's pullback and available funds to be invested, las vegas sands is a fine sales to income growth in china, asia and nevada and with p & e of 26.9 in
the fiscal cliff. how the crisis in washington could end up making new prices double in the next few week. >> wild scene. shark tank burst sending fish flying and shoppers into a panic. we let you know what led up to the you know what led up to the accident and what happened >> one of the hero of the first if you feel war operation desert storm has died. general norman schwartskopf commander of the international coalition that drove iraqi forces out of kuwait unthe president president bush has died. chuck takes a look back. nishtion 1 1990 norman was a little known u.s. army general looking ahead to retime. then iraq dictator hussein invaded neighboring kuwait and storming norman was a household name. he turned into the face of the u.s. led counter attack. called operation desert storm to evict iraqi invaders. >> impossible to say how long it will take. let me put it this way it's going to take as long as it takes for the iraqi to get out of the kuwait and united nations resolution to be enforced. >>reporter: 6 week campaign of bomb boardment routing iraqi in 100 hours. >> now i
over the fiscal cliff, then the next debate is the debt ceiling debate. how. >> it is very contentious. the president is right, we shouldn't play that game. up until last year we never did play that game. that is essentially butting a g put /* putting a gun to the head of the economy. we can't hold the nation hostage every time we go through this. i think we do need a longer term deal that agreeses the structural problems. >> congressman, we will let you get back to work. >> sue, tense times for many. down here on floor of the nyse, taking a break to remember some of the traditions here on the floor on new year's eve. let's get over it mary thompson. >> hey, simon, before we do, a quick market update. popping an retreating after the announcement of the statement president obama will make at 1:30. can you vietnam action in the dow industrials. caterpillar and ge suggesting return. the indication moving to session lows today. these are the groups where the enclave right now. now, i will turn it over to jim and the rest of the traders here on the floor of the new york stock exchange for t
the fiscal cliff, consumers think next year we'll see higher taxes and lower entitlements. the only place in our space where we see a very significant fiscal cliff hit is aspirational customer, so the step-up customer into low-end tiffany's jewelry, for example, we just don't think they showed up this year. >> even if people, stacy, are going to be hit by higher taxes next year, at least some people are going to be hit by higher taxes next year, a lot of this is psychological, isn't it. you turn on the tv and you're feeling spooked, right? and once we have a deal or resolution, uncertainty taken away, will people unleash their spending? will this be unlocked? >> i think at the high end, yes, there will be some relief, and, you know, to laura's point, we were in tiffany over the weekend, you would be shocked how much sales help was available on the silver floor. typically you can't get near a sales person there. >> right. >> but a lot of it is psychological, but then again, christmas has come and gone and the full-margin products have come and gone. you fix the fiscal cliff and go into cle
ahead as we count down to the fiscal cliff. up next how middle class tax bills could get hit by the amt. liz macdonald is crunching the numbers. lori: first as we do every time, every day at this time, rather, let's check the oils market. 73 cents. back after this. it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food particles out. [ charlie ] try zinc free super poligrip. lori: washington is hard at work at this hour. we're getting dribs and drabs of information. you can call it just that. in eye event if a deal is not reached in time it can be hundreds of headaches for middle class americans when it comes to paying tax
, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into perspective. the spending problem if it were your household budget. next. gerri: there is a reason we call this segment back of the envelope. we try to explain in plain english some of the more complicated financial issues. the big issue today, the fiscal cliff. and you may be asking yourself, why is this so important? what is so cataclysmic about our nation's finances that we need to implement these monster tax increases and make draconian spending cuts. well, if you want to understand the government and its problems, take a look at these numbers. let's start with tax revenue. these are the nation's tax revenues. what you have your is just over 2 trillion in income. that's all it is really. and look at these euros. a very big number. the spending in the federal budget. you will notice t
is if you go over the fiscal cliff immediately, next year you start with a lot more option for how to deal with it, rather than just a discussion of income levels. a million-dollar threshold or $250,000 threshold speaker which is what we are all talking about. >> that's exactly right. the travesty has been the line drawn, $250,000 and john boehner working his way towards that in terms of tax cuts. but then not coming to an agreement. it left all of the other areas out there that we haven't dealt with. medicare and other big entitlements. we still don't know the outlines of dealing with discretionary spending. as you said, all those other parts have been like left as we focus on this one fight, a fairly small part of it. heather: thank you for joining us, we will see what happens two hours from now we want washington is on high alert as new photos suggest north korea may be preparing for a nuclear test. we will have the latest on this developing story. heather: and american hero remembered today. storm in norman, the man who led us to victory in the first gulf war. >> i have to tell you kno
of a truman era farm bill in the fiscal cliff. we will explain coming up next. greg: i love milk. also, politics and the lives of orphans. banning u.s. families from adopting russian children from and what it might mean for the future of parents everywhere who want to adopt children overseas really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. heather: welcome back. epa administrator lisa jackson up and down after four years on the job. her tenure has been marked by controversy. including a high-profile fight with republicans over the keystone pipeline. she is also accused of using a secret e-mail alias to conduct official business. in a statement, she gave no reason for her departure, but said that she would be ready for a new challenge
government. host: can you take us through the next 48 hours on this debate on the fiscal cliff? what needs to happen? caller: ok. i say, the president should be willing to come up to $300,000, as far as tax increases. we need revenue. $400,000, some people make that. we need revenue. the only way to get it is to get it from people who actually have the money. there is no shame in helping our government. this is our government. the republicans need to understand that social security and medicare -- listen, those are so important. people are talking about i do not want children paying the bill. they will need social security as well. i want republicans to realize that they were elected to do the will of the people. not just the three% or whatever. they all need to understand that we are all affected by their thinking -- the president won the election, right? host: thank you for the call. i want to take you through some of the effects, if we do go off the fiscal cliff, if congress takes no action. this is the chart from the new york times of what will happen immediately and in the next couple
of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite
because of the "fiscal cliff." if you are on extended unemployment, those checks could also disappear by next friday. with no deal in congress, the jobless benefits end. and for those depend on the on those extend and unemployment checks on a weekly basis, right now will be the time to ration food since it's still not certain that there are benefits coming next week. and for those trying to plan ahead for anyone about to pass, the inheritance cast could shoot up to 50% if we go over the cliff. and not to mention the stock market, we all know that investors do not like uncertainty. so really hitting us from all sides. >> it's like we have one foot over the cliff already. >>> did you give thought to the "fiscal cliff" when doing your christmas shopping? many americans did because cbs 5 reporter mike sugerman tells us retail numbers weren't good. >> reporter: i'm at union square which is mobbed. it's swinging. i spent the day here and it didn't get active until a couple of hours ago and as i look around, i don't see a lot of people with bags. i'm not sure they're shopping. but the retail
cliff and their plans for the next year. we will continue with the forecast for the housing market with the chief economist with the national association of realtors. fall by more discussion of the fiscal cliff negotiations -- followed by more discussion of the fiscal cliff negotiations. and a discussion on background checks. how they work, who gets them, and when they are required. our guest is matt bennett with the third wayl . on "washington journal" at 7:00 a.m. >> kent conrad is retiring. the north dakota democrat talk about partisanship in the senate and his time working on economic issues including his service on the bulls simpson commission. -- bowles-simpson commission. this is 30 years. fulle're talking in a week o of farewell speeches. what is that like? >> it has been great. i have that going away party the night before. a lot of my colleagues were there. then the farewell speech in which i had a chance to reflect on my service here but also to challenge my colleagues to finish the job on the grand bargain to get our fiscal house in order and i laid out the specifics on
of the fiscal cliff negotiations. fareed zakaria "gps" is next. >>> the great french writer albert camel said life is a sum of all your choices. we're all defined by the choices we make every day, we make hundreds of them. paper or plastic, chicken or fish, most are mundane and require little thought, but others are agonizing, often life altering and then there are the decisions made by leaders. some of which have changed the course of history for better and some for worse. july 1776, the founding fathers decision to declare independence. january 1863, abraham lincoln's decision to emancipate all persons held as slaves. june 1941, adolf hitler's decision to invade the soviet union. august 1945, president truman's decision to use an atomic bomb against japan. tonight, we'll examine the process of making a tough decision. we'll hear about major decisions on an international stage, about corporate decisions and personal ones. from taking down the most wanted man in the world -- >> the president turned to us and said, i made my decision. we'll go with the raid. write up the orders. >> to giving u
any special election for the house. >> they want that vote on the fiscal cliff. still the employee of the month and thank you so much. next, breaking with boehner. a month ago, oklahoma congressman tom cole endorsed compromising and going-over the fiscal cliff. what's he saying now? the minority report, we will get the view from the other side of the aisle with john yarmouth. a look ahead at the president's schedule. you are watching t"the daily rundown" on msnbc. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ male announcer ] the bankamericard cash rewards card. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the f
on the fiscal cliff? doubt it, but we'll see next. >>> welcome back to "worldwide exchange." i'm kelly evans. ross westgate is away. these are your headlines from around the world. president obama and congress return to work today with little progress seen on the deal to avoid the fiscal cliff while the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government vows to battle deflation and weaken the currency. export stocks rise pushing the nikkei towards it's strongest gain in seven years. and toyota moves higher after the car dealer settles a class action lawsuit. analysts say the $1 billion payment is already priced in. >> it was a pretty quiet trading session in the u.s. yesterday. retail stocks were one of the market's worst performers. we were just discussing the outlook for holiday sales coming in weaker than first expect. today, trying to cover some of those losses. similar small gains seen for the s&p. the nasdaq was a little lower the last time we checked in. roughly flat now.
on the fiscal cliff some time in the next four days and 14 hours. that's coming up at 11 a.m. "squawk on the street" will be right back. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. >>> second day in a row retailers led the losers list. simon who can is here with what is coming up at 10. >> we will talk about where the markets are going to go from here, fiscal cliff, positioning for 2013 and kim co-on the program, one of the biggest owners of american malls. how are they faring as america spikes again? apple, a four-year low, they are experime experiments, carl, as you mentioned with curved glass. >> simon, looking forward to see you. >>> chicago drive mayors ring in the new year with reluctant, starting in january, they will be shelling out more for downtown parking meters than drivers in any other city across the country. the cost to park at a metered spot will rise to $6.50 a hour, double what drivers paid in 2008. so
. happy new year. welcome to the ""wall street journal" report. the fiscal cliff, the taed line and what it means. we'll look ahead, we'll look back, our all-star panel on the big news that hasn't happened yet if preview of the big stories and trends for 2013. and then we will hit the highlight reel. my interviews with the most important, influential and interesting people of the past year. the wl journal report begins right now. >> this is america's number one financial news program, the "wall street journal" report. now, maria bartiromo. >> all that ahead, but first, here's fill griffith with the look at the stories making headlines this week. >> thanks, maria. here's what's making news as we are heading into a new week and new year on wall street. congress is working the weekend, attempting to avert some part of that $6 billion in automatic tax increases and the spending cuts that are set to kick in on january 1st. that fiscal cliff and its potential impact on our economy brought lawmakers from both houses to washington for last-minute negotiations. concerns about the cliff spooked in
. >>> a high level meeting to find a fiscal cliff deal. our next guest says the whole thing is going nuclear. we'll talk to ken rogoff on the economy. >>> plus amazing terrifying video when a 33-ton shark tank explodes. you do not want to be near the shark, who would be pretty annoyed. we'll show you the rest of this when we come back. [music: artist: willy moon song: "yeah yeah" label: universal] ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na na na na na na na na ♪ and everybody go uh! welcome back to "starting point." >> good morning, everybody. it's a fight between world powers with agonized parents and children caught right in the middle. russian president vladimir putin signed a bill that bans u.s. families from adopting russian orphans thought to be payback for a u.s. law that attackles human rights abuses in russia. moscow says too many orphans have been abused by their ame
it really is up to the government to do better and to resolve this fiscal cliff. in terms of who the next fed chairman's going to be, we don't have a sense on that. we think bernanke has done a masterful job, and we really do like him in this position. >> david katz, thank you very much for your time. >> thanks a lot. >>> that wraps up this special boxing day edition of "worldwide exchange." i'm seema mody. >> i'm jackie deangelis. it was great to be here with you this morning. don't forget to tune in to cnbc.com every tuesday and thursday at 1:00 p.m. eastern for my show, "futures now." "squawk box" is up next. >> have a great morning. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage.
're optimistic they can reach a deal on the fiscal cliff. next we'll take a look at the possible effects and perhaps to fight hunger in the -- programs to fight hunger in the u.s. >> today, we want to look at the issue of hunger in america. we want to welcome our two guests. caroline rye cliff and alicia coleman jackson dealing with food and hunger. i want to ask you as you look through some of these figures what surprised you the most? what did you learn? guest: well, thanks for having me. just to talk about some of our main findings our statistics are based on food calendar year 2011 and that's base tond food survey conducted in 2011. we found that about 14.9% households were food insecure. food insecure means they lack consistent food. food insecurity rate in the u.s. is around 14% to 15% since 2008. from 2007 to 2008 food insecurity increased with the resession. it was at 11% prior to the recession. >> let me go to this sub head linebacker here. the 15% of these households being food insecure means they have trouble putting adequate food on the table. the question is why? why do we h
going over the fiscal cliff. i'll have more on that in my next update. live in washington kyla campbell ktvu channel 2 news. >>> analysts say if the country goes over the fiscal shift it could send the economy back if into a recession. >>> secretary of state hillary clinton is expected to return to work next week. a specksman for clinton says she continues to recooperate at home. doctors say clinton contracted a stomach virus earlier this month and became dehydrated and fainted. >>> the sonoma county sheriffs office will continue its search today for a possible plane crash. an eyewitness reported seeing smoke coming from a distressed aircraft in the hills. search crews combed that area but have found nothing. >>> the military is investigating a fighter jet that went down near fresno know. the plane crashed during a routine training mission yesterday afternoon. that about 100 east of fresno. the jet was flying between 12,000 own 15,000 feet at the time of the emergency. and the pilot ejected safely. >> there are no new one. >> no one was hurt on the ground. >>> time now 5:14. the city of
yore to you. well, time is running out to make some kind of deal to avoid the fiscal cliff. it now looks like no votes today. coming up next, former chairman of the white house economic advisers, ed lazear, and why tax hikes are not the answer. liz: the stakes are high. wilbur ross says we could fall into another recession if a deal can't be reached, but guess what? he's investing nevertheless. he's and comparing us to greece, but either way we'll find out what he's buying. he's joining us live later this hour on the phone. you don't want to miss it. ♪ david: let's get down to basics here. is there any notion of reality still working inside the beltway at all? yesterday the president said the following in terms of what he is doing cutting spending. take a listen. >> if you look at my track record over the last two years, i cut spending by over a trillion dollars in 2011. i campaigned on the promise of being willing to reduce the deficit in the a serious way, in a balanced approach of spending cuts and tax increases over on the wealthy while keeping middle taxes low. david: okay.
the tax increases and spending cuts that make up the fiscal cliff. es it d to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescription free and save on refills at advaircopd.com. with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to m
the fiscal cliff, someone else on wall street says the cliff will not be a doomsday event. we'll get them to make their case coming up. >> and also later on. facebook making an about face on using user photos for advertising. >> and winter storm euclid is pummeling the east coast. the latest storm and storm track coming up in the next hour of the program. you're watching cnbc, first in business worldwide. plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lo
that affect your bottom line, from facebook's ipo to the new apple boss, to the fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am i on the naughty list again? ho ho ho! when i'm out with
for some direction after fiscal cliff negotiations stall. we get the word from the nyse floor, next on what you should be watching in today's session. later on, the anti-tax man himself is here to tell us about how he feels about the latest developments in the fiscal cliff negotiations. what a wild ride here we've seen all morning long. right now the dow up about 25. >>> welcome back to "squawk on the street." i'm john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that under a couple of conditions. one is that if the threshold goes up to that level, the top income tax rate would go all the way back up to the clinton era rate of 39.6%. not some mid point of 37% talked about a couple of weeks ago. secondly, that it would be accompanied by more revenue from the estate tax than is happ
the fiscal cliff, is there any chance washington will settle on a deal? my next guest says deal or no deal, the stocks will be stuck in neutral for the next two years. oh, dear. joining us, chief investment officer of security for lou. joining us by phone. two years we will be bumbling along. whether we hit a deal or not. what makes you say that? >> it is about several things. global growth slowing, debt levels and developed economies are high. starting the next area in the government sectors. tax rates are going up, so when you combine those things together, to makes for potential recessionary conditions. we have had markets bubbling across the world in the last three and a half years, time to take a breather in my opinion. ashley: you see us and they won't get past the september highs. you truly believe that? >> i do. you go back to what the market will do, the recessionary conditions for the present and the market tends to go down, not up. we look at the recession going into one, around nine months on average, the market tends to decline over 15 to 18 months which tells me september and
say they are just waiting to see what happens with the fiscal cliff, but by the same token, though, does that necessarily mean that suddenly we have more capital expenditures for the economy next year? >> i think there's few reasons why we will. one, global growth. china appears to be stabilizing and the rest of the emerging markets are glowing. more demand for export business. number two, korpgs are sitting on $1.5 trillion of cash. they have a lot of cash. they just need to know how to spend it based on overall tax policy. and number three, if you look at equipment and planted equipment in america today, the inventory is old and due foreinvestment a upgrades. there's a lot of pent up demand for domestic spending. >> there have been a few bright spots in our economy anyway. i think of housing which has been in recovery mode right now. does that continue in 2013 even if we do see this -- some sort of resolution of the fiscal cliff and what could do to paychecks and jobs in the economy? >> the offset is that people look at the value of their houses and start feeling better. one-thir
a slowdown next year if the fiscal cliff isn't resolved. or a lot of the concerns that we have about europe or whatever. is that fair? >> i think that's fair. i think the slowdown is baked in the cake. we've already seen deceleration from the third quarter, which 3% is a distant memory for gdp growth, as we look at the fourth quarter and first quarter. so i think we're dealing with a slowdown, even if they have some resolution to the fiscal cliff. i think the difference between next year, 2013, and this year, is if you think about what we were dealing with coming into the year in the beginning of 2012, people are concerned about the breakup of the euro, imminent u.s. recession, they were saying, china hard landing. so when some of these things didn't happen, all we needed last year, this year, was less bad in the market. i think in 2013, we're going to need to see better economic growth as the year moves forward. because, as you say, the market is reasonably valued. but it's not cheap. and i think to jason's earlier point, there are some stocks out there that are very, very attractive. but
these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everything. >> while senators try to brave the bad weather in many parts of the country in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. house republicans scuttled a proposal from speaker john boehner last week, and 48% of americans say they are to blame if no deal is reached. >> both sides here have a problem with the american people, and it's why congress has an 11% job approval rating. >> frank lund says americans are fed up with gridlock in washington. >> there is no compromise, and i think that's going to grow as a concern among the pu
the fiscal cliff talks. >> let's hope they can figure it out in the next week. >> you can get more on melissa's segments on csf.com/morning. >>> time for a look at who's coming up a little later on this morning. >>> rebecca jar visit joins us live on christmas eve. good morning. >> good morning, frank and elizabeth. coming up ahead on our show on cbs this morning, the controversial call for armed guards at the school. we'll talk with asa hutch chin son about the gun control debate. plus john miller on the accuracy of "zero dark thirty," and christmas cheer for 2,000 people who just hit the jackpot in the world's richest lottery, $3.3 billion. >> happy holidays. >>> time is 6:52. have another check of today's top stories coming right up. >>> a live look at minor rad as he tracks santa's sleigh when he comes back. stay right there. ,, ,, ,,,, jack! what happened? me and jason came back with drinks and all 20 nuggets were gone. we got nugged. there was a nugging. this guy just came running up... dip! dip! dip! shoveling 'em into his face! give me your nuggets- -we're like "no! save some for our
and is expected to grow more next year barring any detours caused by a "fiscal cliff." joe vazquez, cbs 5. >>> well, if you have a fancy car or convertible, now might be a good time to put the top up. >> i have my '64 mgb. it's a good idea to put the top up because we have showers around the bay area. not much as you will see in a moment. first it's chilly out there has been all day. we didn't manage any better than low to mid-50s. right now it's 43 at concord. oakland 49. san jose 47. at the airport in san francisco, it's 50 degrees. and the temperatures are coming down. surf's going up. we have a high surf advisory posted along the shoreline. waves will be breaking up to 22 feet along the san mateo county coastline beaches. that's riding northwesterly swell from 14 to 20 feet and that advisory is posted until 10:00 tomorrow night. have a care out at the shoreline. we are looking for a few light showers around the bay area that's being detected by the high-def doppler radar. all the showers are staying offshore. we'll get a wave of rain through the bay area but only about .25" at best. r
, not on the fiscal cliff. we are live in miami, florida, next. the holidays are a sweet spot for cinnabon. president -- joined us and how this year is stacking up for her company. not even 40 years old and on her way to greatness. ♪ ♪ >> it is 1:41 p.m. and time for your fox business brief. president obama will meet with congressional leaders in just a few hours from now. right now, the dow is down 72 points. the chinese government is announcing stiff new rules to use the internet. the communist country now requires users to provide their real name to service providers. it places a greater burden on web companies. fox sports media group is buying cleveland indians sports channel. it is worth -- it will give fox sports the right to broadcast indian games for ten years. it is owned by news corporation. that is the latest from the fox business network. giving you the power to prosper. ♪ david: who does not know that sweet smell of cinnabon. you follow your noses to the bakery chain nearest store every day. it is not just here in the united states. congratulations, you guys just surpassed 1000 sto
the rest of us. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise isn't be reached by next week on those big, unanswered issues. with both sides locked in a standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts on incomes below $250,000, prolong unemployment benefits and delay those sweeping spending cuts. while many republicans oppose new taxes for anyone, senator kay bailey hutchison says she's looking for compromise, alluding to house speaker john boehner's plan "b" that was met with stiff opposition from his own party. >> i think $250,000 is too low a threshold. a lot of working people who are couples would exceed that, and i don't think we need that kind of shock to the system. however, i've talked to some of my democratic colleagues, and they are saying maybe in the $400,000 or $500,000 category we could set a benchmark. i do think it is essential that we start talking about what amount can be passed on a bipartisan basis, because y
maryland. what shoppers need to know. it may not be a pleasant new year to avoid the fiscal cliff. some of the implications that could affect your wallet. those stories and >> i believe you said you are keeping your eye on a snowy vent your yid -- snow event. >> tomorrow, i think, we might have a little bit of slipping and sliding in the morning. there could be some freezing rain. this will be mostly a rain each event on wednesday. the storm is on saturday. that might be cold enough for snow. that will be the day. new year's eve looks good. >> we will be watching. merry christmas, everyone. the nightly news is next. the nightly news is next.
about that. and we're about to tumble over the fiscal cliff, and millions of americans face higher taxes if congress does not reach a deal. how much more would you have to pay? find out next and we'll have the opening belfour you after the break. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go nation. go like a pro. is. >>> well, we're just a few s
hawaiian vacation short to get back to fiscal cliff talks in washington. the country is a week away from tax increases and deep spending cuts that will be triggered without an agreement. the next move will likely fall on democratic senate leader harry reid. >>> it's a scary statistic for recent college graduates. the number of young californians with degrees working in restaurants or retail has nearly doubled over the last five years. grace lee tells us these are the same people who have expensive college loans to pay off. >> reporter: when you're shopping this holiday season or eating out, take a look around. you might notice a lot more people under 30 working those jobs. according to the census bureau there are about 260,000 young adults with college degrees in california taking work in food service and retail because they can't get anything else. >> pretty sad now. >> reporter: roary graduated with a computer science degree. >> i graduated with my bachelors in 2009 and my first job was at a retail store. at first it was kind of embarrassing. >> i couldn't get a job in the field i want
Search Results 0 to 49 of about 107 (some duplicates have been removed)